Most Americans Barely Looking at 401(k) Fee Disclosures, Study Finds

Although the new fee disclosures that now come with defined-contribution plans and IRAs aren’t light reading, the financials services think tank LIMRA recently found that less than two-thirds of Americans are spending much time pouring over the material. That means they’re most likely missing data on how much fees will eat into their retirement savings. A summary of LIMRA’s findings is here, while SmartMoney also takes a look at the report. If you’re wondering how big a bite a fee could take out of a mutual fund, check out this cost calculator at the U.S. Securities and Exchange Commission.

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